Got questions about Pay Power Loan or the way we operate? There's a good change that your question has already been asked (and answered) below. However, if you find that you still have questions or concerns after scrolling through our frequently asked questions page, we encourage you to contact us directly. A friendly and knowledgeable representative would be happy to assist you in addressing your concerns.

In a nutshell, what is Pay Power Loan and what do you do?

At Pay Power Loan, we work with a network of more than 200 reputable lenders to help you find and secure the loan option that's right for your specific needs. We save you the time and hassle of finding the right lender and loan by allowing you to fill out and submit one simple application on our website. From there, our team gets to work in locating your ideal loan with one of our trusted lenders. Our quick and easy approval process makes it possible to get the money you need distributed into your account in as little as 24 hours, and we're proud to work with lenders who have plenty of borrowing options for those with less-than-perfect credit history.

How can a loan help my credit score?

If you've scarred your credit in the past, then you may be understandably weary about taking out a loan at this point in time. However, what you may not realize is that taking out a personal loan or even a debt consolidation loan through Pay Power Loan can actually help you with the process of rebuilding your credit score in the coming months and years. For example, by taking out a loan and making timely repayments on it, your credit score will only improve over time. Not to mention, when you take advantage of our debt consolidation loan options, you can boost your credit by paying off old debt while also saving money on your monthly debt repayments.

What do I need to do to get approved?

The great thing about using Pay Power Loan is that you minimize the amount of time and effort that you spend on finding the right loan for your needs. All you need to do is fill out our online application, which takes just 15 minutes (or less) to complete. In this application, you'll provide us with some basic information about:

  • Who you are
  • How to contact you
  • Your employment/income
  • Your loan needs

From there, you can submit your application instantly online. You will then need to provide two forms of identification so that we can very your identity. This may include a government-issued photo ID card (or similar) and a utility bill or bank statement with your name and address on it. As soon as we're able to verify and process your application, our highly trained and knowledgeable staff will get to work in screening your application and passing it along to lenders that may suit your needs. Once a lender has approved your application and loan request, they will personally get into contact with you and in many cases, you can have the money you need in your account in as little as 24 hours.

What if I have a bankruptcy on my record?

Many of the borrowers who come to Pay Power Loan have been denied for traditional bank loans in the past due to a poor credit score, collections on their records, or any variety of financial factors. However, we work primarily with lenders who will approved applicants regardless of their financial past; this includes those who have had to go through the process of declaring bankruptcy. We have been able to successfully locate lenders who are willing to work with people who have declared bankruptcy and found them loans that work with their specific needs. So the short answer is: if you have a bankruptcy on your record, you've come to the right place. Even if you've had trouble getting approved with other lenders in the past, we're here to help.

What kinds of fees and interest can I expect to pay?

Here at Pay Power Loan, we don't believe in charging out customers fees for our service. We believe that everybody should be able to enjoy a quick and painless loan application process, which is why our loan-matching services are offered at absolutely no charge to you. However, the lenders with which we work may have their own fees built into their loans that you will be made aware of prior to you accepting a loan offer.

Furthermore, because we have access to more than 200 different lenders, it's impossible for us to tell you what your APR will be. After all, your interest rate can vary not only from one lender to the next, but it can vary based on your financial situation as well. In general, however, our customers report paying interest rates of anywhere from 2.42% to 28%.

What kinds of loan terms are available?

Each of our lenders has their own offerings when it comes to loan terms, but most personal loan terms range anywhere from nine months to 36 months, providing you with the flexibility you need to repay your loan in a way that's affordable to you.

How long does approval take?

Assuming you fully complete your application and provide the requested identification information, we can have you approved for a loan in just 24 hours.

How much should I borrow?

The amount you should borrow on your loan will vary depending on your financial needs and how much you can comfortably afford to pay back. However, we generally advise our borrowers that going for a larger loan tends to increase chances of approval, as lenders see a larger loan as less of a risk than a smaller one. That being said, what's most important is that you borrow an amount that will cover your necessary expenses and that you will be able to afford to repay (in addition to any applicable fees and interest) in a timely manner.